CNBC·3 min read·medium
Oracle wins 10-year Pentagon software contract worth up to $7 billion
J
Jordan Novet
✦AI Summary
The U.S. Department of Defense has awarded Oracle a 10-year software contract valued at nearly $7 billion. The deal covers on-premises software licenses and maintenance for various military branches and intelligence agencies.
The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software maker, which has been punished by investors this year. The stock rose about 3% in extended trading.
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